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Reagan letter tops auction of mayor Ed Koch's items

Reagan letter tops auction of mayor Ed Koch's items

This undated photo provided by Doyle New York shows an image by Red Grooms, "The Williamsburg Bridge for Mayor Koch" which belonged to former Mayor Ed Koch, and sold at auction last week. The former mayor's letters and books are going on the auction block. Doyle New York has estimated most of them will sell for between $200 and $500 on Monday. AP Photo/Doyle New York

Associated Press

A letter in which former President Ronald Reagan says "I never doubted communism would eventually fail" has drawn the highest bid at an auction of materials that belonged to ex-New York Mayor Ed Koch.

The Doyle New York auction house says the 1992 letter sold Monday for $3,750. Its worth had been estimated at $300 to $500.

The second-priciest item was a 1991 thank you note in which Jacqueline Kennedy Onassis told Koch, "Your love of life is contagious."

The auction house says the roughly 200 letters, books and other ephemera on the block sold for $23,844, including a buyer's premium. Doyle had estimated the collection at less than $5,300.